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Trending ETFs

Midas Magic

mutual fund
MISEX
Payout Change
Pending
Price as of:
$33.35 +0.23 +0.69%
primary theme
U.S. Large-Cap Blend Equity
share class
MISEX (Mutual Fund)

Midas Magic

Payout Change
Pending
Price as of:
$33.35 +0.23 +0.69%
primary theme
U.S. Large-Cap Blend Equity
share class
MISEX (Mutual Fund)

Midas Magic

Payout Change
Pending
Price as of:
$33.35 +0.23 +0.69%
primary theme
U.S. Large-Cap Blend Equity
share class

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Midas Magic

MISEX | Fund

$33.35

$19.9 M

0.00%

4.69%

Vitals

YTD Return

19.9%

1 yr return

35.4%

3 Yr Avg Return

7.2%

5 Yr Avg Return

14.9%

Net Assets

$19.9 M

Holdings in Top 10

102.5%

52 WEEK LOW AND HIGH

$33.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 23.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Midas Magic

MISEX | Fund

$33.35

$19.9 M

0.00%

4.69%

MISEX - Profile

Distributions

  • YTD Total Return 19.9%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -2.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Midas Magic
  • Fund Family Name
    Midas
  • Inception Date
    Jun 30, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Winmill

Fund Description

Under normal circumstances, in pursuit of its investment objective, the Fund may invest in any security type (e.g., common and preferred stocks, bonds, convertible securities, etc.) and in companies of any size, industry or sector, including both domestic and foreign companies.  Generally, the Investment Manager seeks to invest in what it believes to be quality companies with unique combinations of strength in operations, products, and finances with either growth or value characteristics.  A security is typically sold when its potential to meet the Fund’s investment objective is limited or exceeded by another potential investment, when an investment in an issuer no longer appears to meet the Fund’s investment objective, or when the Fund must raise cash to meet shareholder redemptions.  In seeking to enhance returns, the Fund may use futures, options, and short sales and may use leverage to the extent permitted under the 1940 Act.  To achieve the Fund’s investment objective, the Investment Manager may use a seasonal investing strategy to invest the Fund’s assets to gain exposure to the securities markets during periods anticipated to be favorable based on patterns of investor behavior as driven by and related to accounting periods, taxable events, and other calendar related phenomena.  The Investment Manager’s analysis also takes into consideration those periods during the year in which it anticipates that investors are more likely to invest additional money into the securities markets.  These periods can be related to accounting periods and may be further refined by considerations of tax cycles, holidays, and other factors.   The Fund may trade securities actively in pursuit of its investment objective.  
The Fund may, from time to time, under adverse market, economic, political, or other conditions, take a defensive position, sell securities short, and/or invest some or all of its assets in cash, bank deposits, money market funds, money market securities of U.S. and foreign issuers, short term bonds, repurchase agreements, or similar investments.  When the Fund takes a defensive position, it may not achieve its investment objective.
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MISEX - Performance

Return Ranking - Trailing

Period MISEX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.9% 3.3% 32.1% 43.81%
1 Yr 35.4% 9.4% 54.9% 37.73%
3 Yr 7.2%* -10.5% 17.2% 86.63%
5 Yr 14.9%* -7.9% 111.5% 43.11%
10 Yr 10.8%* 0.0% 52.6% 73.29%

* Annualized

Return Ranking - Calendar

Period MISEX Return Category Return Low Category Return High Rank in Category (%)
2023 29.9% -42.6% 47.4% 1.87%
2022 -27.2% -56.3% -4.2% 85.78%
2021 29.3% -27.2% 537.8% 2.41%
2020 10.5% -22.5% 2181.7% 57.20%
2019 27.5% -13.5% 40.4% 24.80%

Total Return Ranking - Trailing

Period MISEX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.9% 3.3% 32.1% 43.81%
1 Yr 35.4% 9.4% 54.9% 37.73%
3 Yr 7.2%* -10.5% 17.2% 86.63%
5 Yr 14.9%* -7.9% 111.5% 43.11%
10 Yr 10.8%* 0.0% 52.6% 73.29%

* Annualized

Total Return Ranking - Calendar

Period MISEX Return Category Return Low Category Return High Rank in Category (%)
2023 32.7% -5.0% 47.4% 2.68%
2022 -23.4% -36.8% -2.2% 95.51%
2021 29.3% 3.0% 537.8% 15.93%
2020 13.7% -15.8% 2266.0% 71.96%
2019 33.5% -0.4% 241.3% 7.51%

NAV & Total Return History


MISEX - Holdings

Concentration Analysis

MISEX Category Low Category High MISEX % Rank
Net Assets 19.9 M 2.34 M 1.55 T 98.14%
Number of Holdings 13 2 4002 99.19%
Net Assets in Top 10 20.2 M 979 K 517 B 93.12%
Weighting of Top 10 102.45% 0.3% 112.9% 0.24%

Top 10 Holdings

  1. Alphabet, Inc. 29.90%
  2. MasterCard, Inc. 22.35%
  3. Berkshire Hathaway, Inc. 10.51%
  4. AutoZone, Inc. 9.69%
  5. Williams-Sonoma, Inc. 7.15%
  6. JPMorgan Chase Co. 6.97%
  7. Lam Research Corp. 6.47%
  8. UnitedHealth Group, Inc. 3.48%
  9. NVR, Inc. 3.08%
  10. Essent Group Ltd. 2.85%

Asset Allocation

Weighting Return Low Return High MISEX % Rank
Stocks
105.85% 0.00% 105.85% 0.08%
Cash
0.00% 0.00% 99.07% 93.04%
Preferred Stocks
0.00% 0.00% 2.53% 67.64%
Other
0.00% -13.91% 100.00% 72.09%
Convertible Bonds
0.00% 0.00% 5.54% 64.69%
Bonds
0.00% 0.00% 94.06% 67.15%

Stock Sector Breakdown

Weighting Return Low Return High MISEX % Rank
Financial Services
38.87% 0.00% 55.59% 0.91%
Communication Services
23.38% 0.00% 27.94% 1.15%
Consumer Cyclical
20.42% 0.00% 30.33% 2.22%
Industrials
7.15% 0.00% 29.90% 89.87%
Technology
5.18% 0.00% 48.94% 99.01%
Healthcare
5.00% 0.00% 60.70% 98.76%
Utilities
0.00% 0.00% 20.91% 95.06%
Real Estate
0.00% 0.00% 31.91% 95.47%
Energy
0.00% 0.00% 41.64% 95.14%
Consumer Defense
0.00% 0.00% 47.71% 99.51%
Basic Materials
0.00% 0.00% 25.70% 98.35%

Stock Geographic Breakdown

Weighting Return Low Return High MISEX % Rank
US
105.85% 0.00% 105.85% 0.08%
Non US
0.00% 0.00% 64.54% 72.01%

MISEX - Expenses

Operational Fees

MISEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.69% 0.01% 19.75% 0.49%
Management Fee 0.95% 0.00% 1.90% 95.61%
12b-1 Fee 0.25% 0.00% 1.00% 51.47%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

MISEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MISEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.25% 2.00% 79.49%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MISEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 268.00% 47.18%

MISEX - Distributions

Dividend Yield Analysis

MISEX Category Low Category High MISEX % Rank
Dividend Yield 0.00% 0.00% 25.47% 96.67%

Dividend Distribution Analysis

MISEX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

MISEX Category Low Category High MISEX % Rank
Net Income Ratio -2.06% -54.00% 2.44% 99.92%

Capital Gain Distribution Analysis

MISEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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MISEX - Fund Manager Analysis

Managers

Thomas Winmill


Start Date

Tenure

Tenure Rank

Apr 29, 2016

6.09

6.1%

Thomas B. Winmill has acted as portfolio manager since 2002. He has been president of the investment manager since 1995 and the distributor since 1991. He also serves as President, Chief Executive Officer, Chairman, Chief Legal Officer, and a Trustee. He has served as a member of the investment manager's IPC since 1990. As the current Chairman of the IPC, he helps establish general investment guidelines. Winmill is a member of the New York Section member society of the American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42